close
Tech & Innovation
3 mins to read

IRD clarifies tax rules on Bitcoin payments

Companies choosing crypto payments can deduct tax under PAYE.

Thu, 15 Aug 2019

New Zealand has codified how it will draw taxes from salaries and bonuses paid using cryptocurrency assets, according to a new ruling by Inland Revenue.

In an August bulletin, the IRD published a ruling under the Income Tax Act that employees can be paid their salaries in cryptocurrency assets

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
IRD clarifies tax rules on Bitcoin payments
Tech & Innovation,
80469